The Buzz
All markets and investing news all the time

Womens Comfy Flat Round toe Flat Rabbit Sneakers Round toe tkphotog-2640 Multi color Sneakers Lolita shoes af3ec75




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Brand: Unbranded
Style: Fashion Sneakers Width: Medium (B, M)
UPC: Does not apply Material: Synthetic leather
EAN: Does not apply Heel Height: Flat (0 to 1/2 in.)
Fastening: Slip On UK Shoe Size (Women's): UK 6.5
Heel Type: Flat

Womens Comfy Flat Round toe Flat Rabbit Sneakers Round toe tkphotog-2640 Multi color Sneakers Lolita shoes af3ec75 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Womens Comfy Flat Round toe Flat Rabbit Sneakers Round toe tkphotog-2640 Multi color Sneakers Lolita shoes af3ec75
Womens Comfy Flat Round toe Flat Rabbit Sneakers Round toe tkphotog-2640 Multi color Sneakers Lolita shoes af3ec75 - hollisbaker.com

The beer trade has been a good one for Constellation.

Bottoms up! Constellation is cashing in on America's love affair with Corona.

Shares of Constellation Brands (STZ) opened sharply higher Wednesday after the beer and wine company reported strong quarterly results, although the stock has now fallen back.

The buzz kill came after Constellation executives said on a conference call with analysts that the cost of expanding a brewery in Mexico would be much higher than previously expected.

The company raised its estimate for the cost of upgrading its Nava brewery to a range between $900 million and $1.1 billion, up from the previous estimate of between $500 million to $600 million. So far, Constellation has spent about $140 million on the brewery.

Robert Ryder, Constellation's chief financial officer, tried to put a positive spin on the news.

"Despite the increased cost to build out the brewery, our improved commercial results should keep our cash flow and delivering goals intact," he said.

Constellation said net income surged 92% in the fourth quarter to $157 million, or 79 cents per share. Analysts were expecting the company to report earnings of 76 cents per share, according to FactSet.

Corona is the best-selling imported beer in the United States, according to Constellation CEO Rob Sands.

Sales rose to nearly $1.3 billion, thanks largely to about $600 million from Crown, the division that distributes Modelo brand beers, including Corona, in the United States.

"We had a great year, driven by our beer business," Sands told analysts on a conference call today.

Constellation paid $5.3 billion to take full control of Crown last year as part of a complex deal between Anheuser-Busch InBev (BUD) and Mexico's Grupo Modelo.

The deal was held up in court after the U.S. government sued to block it over anti-competitive concerns. But regulators relented after AB InBev and Modelo gave Constellation "perpetual rights" to distribute the popular Corona beer in the U.S. market and tossed in a major Modelo brewery.

Related: Why six-packs are pricier in some markets

So far, Constellation's bet on Mexican beer is paying off.

Net sales in the beer segment rose 13% in the fourth quarter " due to volume growth driven by strong consumer demand," the company's report states.

The strength in beer helped offset softness in sales of wine and spirits, which grew only 1% in the quarter.

Constellation expects beer sales to continue growing in its current fiscal year and is looking for income to grow "in the low to mid 20 percent range."

That should lead to better-than-expected earnings. Constellation is now targeting earnings of between $3.75 to $3.95 per share for the full year, which would translate to earnings growth of up to 27%.

Womens Comfy Flat Round toe Flat Rabbit Sneakers Round toe tkphotog-2640 Multi color Sneakers Lolita shoes af3ec75

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Womens Comfy Flat Round toe Flat Rabbit Sneakers Round toe tkphotog-2640 Multi color Sneakers Lolita shoes af3ec75 - hollisbaker.com
About This Author
Womens Comfy Flat Round toe Flat Rabbit Sneakers Round toe tkphotog-2640 Multi color Sneakers Lolita shoes af3ec75 - hollisbaker.com
Ben Rooney
Staff writer, CNNMoney

Ben Rooney is a staff writer for CNNMoney. He covers the European debt crisis and other international finance stories, in addition to writing about stocks, bonds, investing and other Wall Street-related news. Follow Ben on Twitter: @ben_rooney

To view my watchlist

Not a member yet?

Sign up now for a free account
Contributors
Stupid Stock Move of the Day
#StupidStock Move of the Day! Yes, Urban Outfitters may be finally turnings things around. But $URBN up 17%? Seems a bit excessive, no?
Most Popular
You won the $1.5 billion Powerball! Here's your tax bill
 
B35 Hint Slip-On Sneakers 985, White, 9.5 US , Skechers Fitness Shape Ups Silver White Women's Athletic Shoes Size 7.5 MWomens Nike Free 4.0 running shoes size 12 purple excellent condition low shipngOutdoor Womens Platform Breathable Mesh Sneakers Comfort Nurse Shoes Leisure Hot , Skechers Shape-Ups Women's Shoes Size 6.5M Gray & Pink-Walking , Vans Women's Sz 5 Pink Cupcakes Skate Shoes 614992New Balance 842 Women Athletic Sneakers Size 8 Rollbar Hypalon Abzorb #R2Women Flats Slip on Loafers Driving Low Heels Pumps Shoes Zsell , Women's NIKE FREE RUN 3 Running Athletic Shoes 510643-403 SIZE 7.5Women's Pull On Flat Running Athletic Casual Hidden Wedge Heel Sneakers Shoes , Vasque Womens - Brown Trail / Hiking Shoes Size 8 (311166) , GREEN PURPLE BROOKS ADRENALINE GTS 15 RUNNING ATHLETIC SNEAKERS WOMAN’S 9.5SAS San Antonio Shoes Suede/Mesh Multi-Color Walking Sneakers Sz 7.5m WomensWomens Casaul Platform Mesh Trainers Shape Ups Slip On Walking Wedge Shoes PumpNike Size 9 Womens Grey Orange Athletic Shoes SneakersThe North Face Women's Red/ Gray Hiking Walking Running Shoes Sneakers 8.5 , Merrell RISTA, womans 6.5, 6 1/2, milky blue, hiking, water sports gently usedLadies Trainers Platform Shoes Hidden Heel Round Toe Running Sports Athletics SZ2018 HOT FASHION Women's Shape Ups Toning Fitness Walking Shoes Wedges Sneakers , Women's Brooks Addiction Blue and Silver Size 9 Running ShoesNew Vans Womens True White Ultracush Canvas Sneaker Shoes Size US 6 , WOMAN’S PERFECT SZ 10 PINK SKECHERS GO WALK 3 PILLARS SLIP ON SHOES COMFY EUC � , REEBOK Z GODDESS GLITCH M44667 WOMEN'S RUNNING SHOESNew Balance 450 Sneakers Athletic Training Shoes Black 8.5 B , Nike Dual Fusion Women's Blue Running Shoes size 10M 33118-1 S4 , Merrell Chameleon Continuum Arc Stretch Hiking Sneaker US 8 Leather Mesh , Adidas Decade Mid Womens Shoes Sneakers G60752 White Black Purple US 8.5Nike Free 3.0 Womens Running Sneakers Shoes Sz 10 Black Pink Cross Training Blue , New Balance Women's W880PG3 Running Shoe Green and Pink Sz 8b
Powerball winner can stay anonymous, judge rules
 
Counterfeit goods market is booming and becoming more dangerous
 
Kodak ditches digital cameras, will focus on photo printing VTG WOMENS CAPEZIO COWBOY LEATHER BURGUNDY BOOTS SIZE 8.5 M , American Rag Womens Taupe Cuffed Wedge Booties Shoes 6 Medium (B,M) BHFO 0052Bamboo Tan 3" High Heel Round Toe Sexy Knee Boots Size 10Ladies Pointed Shoes Synthetic Leather High Heels Zip Ankle Boots US Size b146Karen Scott Kaydan Black Faux Suede Patent Trim Ankle Booties. Size 6.5 M.INC International Concepts Womens Henry Nutmeg Brown Boots 5 M Shoes , Golo Tall Riding Boots Glenmore Brown Leather Zipper Side 2" Heel SZ 6.5 w box , Karen Scott Size 6.5 M Lucca Black Knee High Boots New Womens ShoesColumbia Women Canvas Winter Snow Boots Heater Brown Waterproof Size US 8 MINT!!Women Clarks Juliet Lora Slip On 26136577 Black Leather 100% Original New❤️Bottes Cuissardes Sexy Zip Cuir Vernis Talon Aiguille 12 cm /34 au 43/ NEUVES!Guess Womens Darela Pull On Zipper Studded Platforms Ankle Boots Booties ShoesCole Hann leopard wedge - 8LK Bennett Scott Cap Toe Patent Leather Ballet Flats 37.5 7 7.5 , Authentic Miu Miu Classic Bow Flats , Simone Rocha Women Shoes Size 36 NIB Ivory Leather FlatsCUTE! Women's $450 Stubbs and Wootton Needlepoint "FLORAL" Slippers Loafers Shoe , SO CUTE! Women's $450 Stubbs and Wootton Velvet "LEOPARD" Slippers Loafers Shoes , Size 8us Burberry Womens Patent leather / canvas side ballet flats , Vans women's 9 men's 7.5 Off The Wall black sparkly sneakers skate shoes sequinA , Art Class Women's Size 5 Shoes Hi Top Skateboard Tennis Athletic Walking Sneaker , Tod's Brown Leather Marble buckle Loafer Women's Size 7.5 (i3)Women's Vionic Minna Ballet Flat Navy Cream US Sizes , NICHOLAS KIRKWOOD White Patent Pointed Toe Laser-Cut Slipper Flats 39.5Nike Air Max Thea Ultra Flyknit 881175-001 Women's Sneakers , Reebok Women's Cl Nylon Brights Sneaker, - Choose SZ/ColorNEW BALANCE FRESH FOAM CRUZ V2 BLACK BLACK WCRUZRB2 B WOMENS US SIZES , Minnetonka Women's Baja Boot Dusty Brown SuedeConverse Women's Chuck Taylor All Star Candy Coated High Top SneakerLucky Brand Women's Bapsee Mule Misty Rose Textile Mules ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Womens Comfy Flat Round toe Flat Rabbit Sneakers Round toe tkphotog-2640 Multi color Sneakers Lolita shoes af3ec75 Athletic Shoes
1150632
2976819
3489031
3968920
6945867
7786207
8261717
11017958
15803823
Powered by WordPress.com VIP.